Just looking for some opinions on these Brisbane units, how are the New farm and Toowong areas for units? 4/97 Beatrice Street, Taringa, Qld 4068 2/530 Lower Bowen Tce, New Farm, Qld 4005 5/65 Heal Street, New Farm, Qld 4005 1/37 Elizabeth St, Toowong, Qld 4066
If your after CG I generally wouldn't touch units, new or old. Though old would be much better than new.
Agree with @Sackie. Are they to be IPs or reno and resale, what's the purpose for investing and what is your strategy for investing into property? I would not own individual units the only exception is I own the whole block for future redevelopment so I really have total control over Strata, what I do to them....and I own whole block of land too.
I would prefer house, but the holding costs are off-putting, atleast units rent comes close to covering repayments/ body corp
Don't forget special levies. I recently just paid 20k on one. If you can get a house in a good area with minimal holding costs, I think your chances of doing better is greater.
I paid $12K about 3 years ago for brick pointing, about 100 year old building needed it plus was a development next door. BUT, you and I are probably talking about SYD rather than BRI?
Thanks, that's a good point, how common are special levies? I would think if the sinking fund is / body corp fees are run properly it wouldn't be necessary?
If you hold a few unit assets long enough, at some point you're bound to get one. If the sinking fun has an overwhelming amount of money then it would be paid from that but I wouldn't count on this happening every time.
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